Idaho Code
Part 1 - GENERAL PROVISIONS
Section 30-25-108 - NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY.

30-25-108. NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY. (a) A limited liability company is an entity distinct from its member or members.
(b) A limited liability company may have any lawful purpose.
(c) A limited liability company has perpetual duration.

History:
[30-25-108, added 2015, ch. 243, sec. 43, p. 875.]

Structure Idaho Code

Title 30 - CORPORATIONS

Chapter 25 - LIMITED LIABILITY COMPANIES

Part 1 - GENERAL PROVISIONS

Section 30-25-101 - SHORT TITLE.

Section 30-25-102 - DEFINITIONS.

Section 30-25-103 - KNOWLEDGE — NOTICE.

Section 30-25-104 - GOVERNING LAW.

Section 30-25-105 - OPERATING AGREEMENT — SCOPE — FUNCTION — LIMITATIONS.

Section 30-25-106 - OPERATING AGREEMENT — EFFECT ON LIMITED LIABILITY COMPANY AND PERSON BECOMING MEMBER — PREFORMATION AGREEMENT.

Section 30-25-107 - OPERATING AGREEMENT — EFFECT ON THIRD PARTIES AND RELATIONSHIP TO RECORDS EFFECTIVE ON BEHALF OF LIMITED LIABILITY COMPANY.

Section 30-25-108 - NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY.

Section 30-25-109 - POWERS.

Section 30-25-110 - APPLICATION TO EXISTING RELATIONSHIPS.

Section 30-25-111 - SUBJECTS COVERED OUTSIDE CHAPTER.